LoginCollector: Mana Honarpisheh
On March 3, 2023, Turkey and the United Arab Emirates signed a trade agreement aimed at boosting economic ties between the two nations. The agreement covers a wide range of sectors, including tourism, technology, and energy.
Under the agreement, both countries have committed to reducing trade barriers and increasing cooperation on investment projects. The deal is expected to provide new opportunities for businesses in both countries, as well as create new jobs and stimulate economic growth.
The signing of the agreement has been hailed as a positive development for the region, with officials from both countries expressing optimism about the potential benefits of increased trade and investment. The agreement is expected to further strengthen the already close ties between Turkey and the UAE, and pave the way for even closer collaboration in the future.
According to a statement by the minister, non-oil trade between the United Arab Emirates and Turkey increased by 40% in 2022, reaching $18.9 billion. The statement highlights the strong economic ties between the two countries, which have been strengthened by recent trade agreements.
The minister also noted the importance of diversifying the trade relationship between the UAE and Turkey, with a focus on non-oil sectors such as tourism, technology, and renewable energy. This strategy will help to reduce dependence on oil exports and create new opportunities for businesses in both countries.
The increase in non-oil trade between the UAE and Turkey is a positive development that reflects the growing economic partnership between the two nations.
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